Ethereum Name Service (ENS) Skyrockets 16% as Ecosystem Developments Drive Demand

TL;DR

• Ethereum Name Service (ENS) saw a 16% surgeafter months of consolidation, breaking key resistance levels and entering a bullish trend.
• Coinbaseboosted institutional adoption of ENS by migrating its “.cb.id” identifiersto the protocol‘s standard, increasing the system’s visibility and practical use.
• Rising domain registrations and renewals reflect growing real demand, which strengthens governance and the tokens value.

Ethereum Name Service (ENS) experienced a strong rallyfollowing several months of consolidation. Its price broke through a key resistance and started an upward phase supported by clear technical signals.

The increase in volumeconfirms strong bullish sentiment. Indicators such as RSI and Bollinger Bands also point to continuation. According to CoinMarketCap, ENS reached $27 after climbing 16% in just 24 hours. On a weekly basis, the rise reaches 39%. Now, it targets new resistance zones around $35 and $42.If the momentum holds, the projected range could extend up to $80,based on structural market analysis.

Coinbase Drives ENS Adoption

A major catalyst reigniting interest in the token was Coinbases decision to integrate ENS as the basis for its Web3 naming system. By migrating its “.cb.id” identifiers to the ENS standard, the exchange accelerated institutional adoption of the protocol and boosted its visibility. This endorsement from a platform with millions of users is key to enhancing daily use and positioning ENS as a benchmark for decentralized digital identities.

At the same time, domain registrations and renewals within ENS increased. As more users link their Ethereum addresses to readable names, network activity grows based on actual needsrather than speculation. This functional expansion also leads to greater participation in governance, reinforcing the tokens value as an asset within the ecosystem.

Ethereum Name Service: Real Integration into Daily Life

Ethereum Name Service (ENS) established a bullish reversal structureafter months of sideways movement. Clean price action and sustained volume inflows suggest the current momentum is far from isolated; it reflectsa revaluation process with multiple underlying factors. The token gains value not only from its narrative but also through real integration in everyday products.

If Ethereum continues to advance as a leading infrastructure and digital identities become an essential layer within the blockchain ecosystem, ENS has room to keep growing. Its solution addresses a practical problem with deep ecosystem integration, allowing for a stronger long-term outlook compared to previous cycles.